Settlement

Settlement of trades on SSX

In order to maximize the efficiency of trading on SSX and because Australian investors are familiar with existing settlement and transfer processes, SSX uses the services of ASX Settlement to settle trades executed on SSX. ASX Settlement provides a 'delivery versus payment' settlement service and a secure asset holding service. The delivery versus payment (DVP) process allows simultaneous transfer of both securities and money usually three business days after the trade.

More details on ASX Settlement can be found here (http://www.asx.com.au/services/settlement/asx-settlement.htm)